Pidilite Industries Ltd.
•₹ 1,649-0.66%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Consumer and Bazaar Products: 78.0% • Business to Business: 21.6% • Others: 0.4%
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 31.4%
- Company has a good return on equity (ROE) track record: 3 Years ROE 23.3%
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 30.3% YoY, showing strong momentum
- Operating margins have improved to 24.1% from 17.2%
CONS
- Stock is trading at 12.3x its book value
- Recurring exceptional / one-off items are inflating headline profit
- Expensive relative to growth - PEG of 2.6
- Rich enterprise valuation - EV/EBITDA of 34.5x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SOLARINDS | 19800.00 | 89.97 | 179170.31 | 0.06 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| 2. | PIDILITIND | 1650.00 | 63.40 | 167935.41 | 1.30 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| 3. | SRF | 2575.00 | 35.31 | 76329.39 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| 4. | FLUOROCHEM | 4679.55 | 83.59 | 51404.86 | 0.06 | 219.00 | 19.02 | 1588.00 | 23.97 | 10.02 | 26.83 |
| 5. | NAVINFLUOR | 8281.50 | 53.80 | 42484.11 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| 6. | GODREJIND | 1217.10 | 34.87 | 40998.14 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| 7. | DEEPAKNTR | 1767.85 | 30.78 | 24112.24 | 0.42 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| 8. | AETHER | 1639.40 | 92.52 | 21759.40 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| 9. | ATUL | 6581.75 | 24.36 | 19377.83 | 0.46 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| 10. | AARTIIND | 526.90 | 35.99 | 19112.07 | 0.19 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.39 | 16.00 |
| 11. | DEEPAKFERT | 1474.65 | 18.98 | 18678.34 | 0.68 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| 12. | BASF | 3928.85 | 26.45 | 17006.28 | 0.64 | 360.29 | 162.22 | 4824.26 | 24.57 | 15.23 | 10.46 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,275 | 3,076 | 3,130 | 2,902 | 3,395 | 3,235 | 3,369 | 3,141 | 3,753 | 3,554 | 3,710 | 3,583 | 45,516 | |
| 2,568 | 2,396 | 2,388 | 2,325 | 2,583 | 2,466 | 2,571 | 2,509 | 2,812 | 2,704 | 2,815 | 2,751 | 34,683 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 23 | 32 | 37 | 49 | 54 | 57 | 56 | 80 | 86 | 50 | 66 | 65 | 920 |
| Interest | 12 | 13 | 13 | 13 | 12 | 12 | 12 | 14 | 14 | 13 | 13 | 14 | 133 |
| Depreciation | 73 | 75 | 79 | 113 | 84 | 88 | 90 | 97 | 97 | 100 | 101 | 97 | 973 |
| 645 | 623 | 687 | 428 | 770 | 726 | 752 | 577 | 916 | 788 | 840 | 779 | 11,920 | |
| Tax % | 26.42% | 26.18% | 25.68% | 28.47% | 25.75% | 25.44% | 25.88% | 25.77% | 26.01% | 25.74% | 25.70% | 24.72% | 25.88% |
| Net Profit | 0 | 0 | 0 | 0 | 571 | 540 | 557 | 428 | 678 | 585 | 624 | 584 | 8,835 |
| 9 | 9 | 10 | 6 | 11 | 5 | 5 | 4 | 13 | 6 | 6 | 6 | 9 | |
| Equity Capital | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 102 | 102 | 102 | 1,018 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 102 | 102 | 102 | 1,018 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 3,275
- 2,568
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 12
- Depreciation
- 73
- 645
- Tax %
- 26.42%
- Net Profit
- 0
- 9
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 3,076
- 2,396
- Operating Profit
- —
- OPM %
- —
- Other Income
- 32
- Interest
- 13
- Depreciation
- 75
- 623
- Tax %
- 26.18%
- Net Profit
- 0
- 9
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 3,130
- 2,388
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 13
- Depreciation
- 79
- 687
- Tax %
- 25.68%
- Net Profit
- 0
- 10
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 2,902
- 2,325
- Operating Profit
- —
- OPM %
- —
- Other Income
- 49
- Interest
- 13
- Depreciation
- 113
- 428
- Tax %
- 28.47%
- Net Profit
- 0
- 6
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 3,395
- 2,583
- Operating Profit
- —
- OPM %
- —
- Other Income
- 54
- Interest
- 12
- Depreciation
- 84
- 770
- Tax %
- 25.75%
- Net Profit
- 571
- 11
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 3,235
- 2,466
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 12
- Depreciation
- 88
- 726
- Tax %
- 25.44%
- Net Profit
- 540
- 5
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 3,369
- 2,571
- Operating Profit
- —
- OPM %
- —
- Other Income
- 56
- Interest
- 12
- Depreciation
- 90
- 752
- Tax %
- 25.88%
- Net Profit
- 557
- 5
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 3,141
- 2,509
- Operating Profit
- —
- OPM %
- —
- Other Income
- 80
- Interest
- 14
- Depreciation
- 97
- 577
- Tax %
- 25.77%
- Net Profit
- 428
- 4
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 3,753
- 2,812
- Operating Profit
- —
- OPM %
- —
- Other Income
- 86
- Interest
- 14
- Depreciation
- 97
- 916
- Tax %
- 26.01%
- Net Profit
- 678
- 13
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 51
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 3,554
- 2,704
- Operating Profit
- —
- OPM %
- —
- Other Income
- 50
- Interest
- 13
- Depreciation
- 100
- 788
- Tax %
- 25.74%
- Net Profit
- 585
- 6
- Equity Capital
- 102
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 102
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 3,710
- 2,815
- Operating Profit
- —
- OPM %
- —
- Other Income
- 66
- Interest
- 13
- Depreciation
- 101
- 840
- Tax %
- 25.70%
- Net Profit
- 624
- 6
- Equity Capital
- 102
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 102
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 3,583
- 2,751
- Operating Profit
- —
- OPM %
- —
- Other Income
- 65
- Interest
- 14
- Depreciation
- 97
- 779
- Tax %
- 24.72%
- Net Profit
- 584
- 6
- Equity Capital
- 102
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 102
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 45,516
- 34,683
- Operating Profit
- —
- OPM %
- —
- Other Income
- 920
- Interest
- 133
- Depreciation
- 973
- 11,920
- Tax %
- 25.88%
- Net Profit
- 8,835
- 9
- Equity Capital
- 1,018
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 1,018
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,617 | 6,078 | 7,078 | 7,294 | 7,293 | 9,921 | 11,799 | 12,383 | 13,140 | 14,601 | 15,399 | |
| 4,357 | 4,737 | 5,710 | 5,718 | 5,612 | 8,074 | 9,815 | 9,676 | 10,128 | 11,082 | 11,738 | |
| Operating Profit | 1,372 | 1,490 | 1,515 | 1,725 | 1,760 | 1,884 | 2,034 | 2,847 | 3,260 | 3,785 | — |
| OPM % | 24 | 25 | 21 | 24 | 24 | 19 | 17 | 23 | 25 | 26 | — |
| Other Income | 112 | 148 | 147 | 149 | 79 | 36 | 50 | 140 | 247 | 266 | 272 |
| Interest | 14 | 16 | 26 | 34 | 37 | 42 | 48 | 51 | 50 | 54 | 54 |
| Depreciation | 115 | 120 | 133 | 170 | 201 | 240 | 270 | 341 | 358 | 395 | 395 |
| 1,248 | 1,359 | 1,342 | 1,470 | 1,522 | 1,614 | 1,723 | 2,379 | 2,823 | 3,320 | 3,598 | |
| Tax % | 31 | 29 | 31 | 24 | 26 | 25 | 25 | 27 | 26 | 26 | 26 |
| Net Profit | 863 | 966 | 928 | 1,122 | 1,126 | 1,207 | 1,289 | 1,747 | 2,096 | 2,471 | 2,679 |
| EPS | 17 | 19 | 18 | 22 | 22 | 24 | 25 | 34 | 41 | 24 | — |
| Dividend Payout % | 28 | 32 | 36 | 32 | 38 | 42 | 44 | 47 | 49 | 89 | — |
| Minority Interest | -3 | -4 | -3 | -6 | 5 | 1 | -16 | -18 | -20 | -22 | 10 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Adjusted EPS | 8 | 9 | 9 | 11 | 11 | 12 | 13 | 17 | 20 | 24 | — |
| Minority Interest | -3 | -4 | -3 | -6 | 5 | 1 | -16 | -18 | -20 | -22 | 10 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Adjusted EPS | 8 | 9 | 9 | 11 | 11 | 12 | 13 | 17 | 20 | 24 | — |
Mar 2017
- 5,617
- 4,357
- Operating Profit
- 1,372
- OPM %
- 24
- Other Income
- 112
- Interest
- 14
- Depreciation
- 115
- 1,248
- Tax %
- 31
- Net Profit
- 863
- EPS
- 17
- Dividend Payout %
- 28
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2018
- 6,078
- 4,737
- Operating Profit
- 1,490
- OPM %
- 25
- Other Income
- 148
- Interest
- 16
- Depreciation
- 120
- 1,359
- Tax %
- 29
- Net Profit
- 966
- EPS
- 19
- Dividend Payout %
- 32
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- -4
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2019
- 7,078
- 5,710
- Operating Profit
- 1,515
- OPM %
- 21
- Other Income
- 147
- Interest
- 26
- Depreciation
- 133
- 1,342
- Tax %
- 31
- Net Profit
- 928
- EPS
- 18
- Dividend Payout %
- 36
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2020
- 7,294
- 5,718
- Operating Profit
- 1,725
- OPM %
- 24
- Other Income
- 149
- Interest
- 34
- Depreciation
- 170
- 1,470
- Tax %
- 24
- Net Profit
- 1,122
- EPS
- 22
- Dividend Payout %
- 32
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2021
- 7,293
- 5,612
- Operating Profit
- 1,760
- OPM %
- 24
- Other Income
- 79
- Interest
- 37
- Depreciation
- 201
- 1,522
- Tax %
- 26
- Net Profit
- 1,126
- EPS
- 22
- Dividend Payout %
- 38
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2022
- 9,921
- 8,074
- Operating Profit
- 1,884
- OPM %
- 19
- Other Income
- 36
- Interest
- 42
- Depreciation
- 240
- 1,614
- Tax %
- 25
- Net Profit
- 1,207
- EPS
- 24
- Dividend Payout %
- 42
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2023
- 11,799
- 9,815
- Operating Profit
- 2,034
- OPM %
- 17
- Other Income
- 50
- Interest
- 48
- Depreciation
- 270
- 1,723
- Tax %
- 25
- Net Profit
- 1,289
- EPS
- 25
- Dividend Payout %
- 44
- Minority Interest
- -16
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- -16
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2024
- 12,383
- 9,676
- Operating Profit
- 2,847
- OPM %
- 23
- Other Income
- 140
- Interest
- 51
- Depreciation
- 341
- 2,379
- Tax %
- 27
- Net Profit
- 1,747
- EPS
- 34
- Dividend Payout %
- 47
- Minority Interest
- -18
- Share of Associates
- 0
- Adjusted EPS
- 17
- Minority Interest
- -18
- Share of Associates
- 0
- Adjusted EPS
- 17
Mar 2025
- 13,140
- 10,128
- Operating Profit
- 3,260
- OPM %
- 25
- Other Income
- 247
- Interest
- 50
- Depreciation
- 358
- 2,823
- Tax %
- 26
- Net Profit
- 2,096
- EPS
- 41
- Dividend Payout %
- 49
- Minority Interest
- -20
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- -20
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2026
- 14,601
- 11,082
- Operating Profit
- 3,785
- OPM %
- 26
- Other Income
- 266
- Interest
- 54
- Depreciation
- 395
- 3,320
- Tax %
- 26
- Net Profit
- 2,471
- EPS
- 24
- Dividend Payout %
- 89
- Minority Interest
- -22
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- -22
- Share of Associates
- 0
- Adjusted EPS
- 24
TTM
- 15,399
- 11,738
- Operating Profit
- —
- OPM %
- —
- Other Income
- 272
- Interest
- 54
- Depreciation
- 395
- 3,598
- Tax %
- 26
- Net Profit
- 2,679
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 10
- Share of Associates
- -0
- Adjusted EPS
- —
- Minority Interest
- 10
- Share of Associates
- -0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 11%
- 5 Years:
- 15%
- 3 Years:
- 7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 12%
- 5 Years:
- 17%
- 3 Years:
- 24%
STOCK PRICE CAGR
- 10 Years:
- 17%
- 5 Years:
- 8%
- 3 Years:
- 10%
- 1 Year:
- 8%
RETURN ON EQUITY
- 10 Years:
- 24%
- 5 Years:
- 22%
- 3 Years:
- 23%
- Last Year:
- 24%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 102 |
| 3,409 | 3,514 | 4,088 | 4,394 | 5,517 | 6,320 | 7,118 | 8,346 | 9,613 | 10,578 | |
| 93 | 115 | 103 | 144 | 202 | 284 | 163 | 131 | 147 | 106 | |
| Trade Payables | 390 | 544 | 581 | 621 | 1,007 | 1,049 | 1,064 | 1,148 | 1,390 | 1,537 |
| 828 | 974 | 1,082 | 1,313 | 2,038 | 1,790 | 2,109 | 2,400 | 2,783 | 3,076 | |
| Total Liabilities | 4,770 | 5,199 | 5,904 | 6,523 | 8,814 | 9,494 | 10,505 | 12,076 | 13,984 | 15,399 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1,275 | 1,342 | 1,448 | 1,807 | 4,418 | 4,703 | 4,914 | 5,451 | 5,705 | 5,774 | |
| Capital Work in Progress | 148 | 228 | 242 | 259 | 294 | 225 | 406 | 148 | 129 | 329 |
| 1,443 | 1,246 | 1,548 | 1,186 | 516 | 459 | 881 | 2,235 | 3,551 | 4,350 | |
| 721 | 804 | 934 | 929 | 1,234 | 1,695 | 1,817 | 1,415 | 1,685 | 1,738 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,675 | 1,811 | 2,181 | |
| Cash & Bank | 100 | 164 | 190 | 703 | 451 | 355 | 327 | 533 | 336 | 299 |
| 1,084 | 1,415 | 1,541 | 1,638 | 1,900 | 2,057 | 2,160 | 619 | 766 | 729 | |
| Total Assets | 4,770 | 5,199 | 5,904 | 6,523 | 8,814 | 9,494 | 10,505 | 12,076 | 13,984 | 15,399 |
| Total Debt | 98 | 125 | 113 | 176 | 223 | 287 | 163 | 131 | 147 | 106 |
| Net Working Capital | 2,112 | 2,101 | 2,281 | 2,146 | 1,081 | 1,691 | 2,151 | 3,035 | 4,172 | 4,947 |
| Contingent Liabilities | 309 | 259 | 313 | 342 | 341 | 377 | 428 | 441 | 497 | 548 |
| Book Value per Share | 67.48 | 70.20 | 81.47 | 87.48 | 109.55 | 125.33 | 141.03 | 165.11 | 190.01 | 104.93 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 98 | 125 | 113 | 176 | 223 | 287 | 163 | 131 | 147 | 106 |
| Net Working Capital | 2,112 | 2,101 | 2,281 | 2,146 | 1,081 | 1,691 | 2,151 | 3,035 | 4,172 | 4,947 |
| Contingent Liabilities | 309 | 259 | 313 | 342 | 341 | 377 | 428 | 441 | 497 | 548 |
| Book Value per Share | 67.48 | 70.20 | 81.47 | 87.48 | 109.55 | 125.33 | 141.03 | 165.11 | 190.01 | 104.93 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 51
- 3,409
- 93
- Trade Payables
- 390
- 828
- Total Liabilities
- 4,770
- 1,275
- Capital Work in Progress
- 148
- 1,443
- 721
- 0
- Cash & Bank
- 100
- 1,084
- Total Assets
- 4,770
- Total Debt
- 98
- Net Working Capital
- 2,112
- Contingent Liabilities
- 309
- Book Value per Share
- 67.48
- Face Value
- 1.00
- Total Debt
- 98
- Net Working Capital
- 2,112
- Contingent Liabilities
- 309
- Book Value per Share
- 67.48
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 51
- 3,514
- 115
- Trade Payables
- 544
- 974
- Total Liabilities
- 5,199
- 1,342
- Capital Work in Progress
- 228
- 1,246
- 804
- 0
- Cash & Bank
- 164
- 1,415
- Total Assets
- 5,199
- Total Debt
- 125
- Net Working Capital
- 2,101
- Contingent Liabilities
- 259
- Book Value per Share
- 70.20
- Face Value
- 1.00
- Total Debt
- 125
- Net Working Capital
- 2,101
- Contingent Liabilities
- 259
- Book Value per Share
- 70.20
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 51
- 4,088
- 103
- Trade Payables
- 581
- 1,082
- Total Liabilities
- 5,904
- 1,448
- Capital Work in Progress
- 242
- 1,548
- 934
- 0
- Cash & Bank
- 190
- 1,541
- Total Assets
- 5,904
- Total Debt
- 113
- Net Working Capital
- 2,281
- Contingent Liabilities
- 313
- Book Value per Share
- 81.47
- Face Value
- 1.00
- Total Debt
- 113
- Net Working Capital
- 2,281
- Contingent Liabilities
- 313
- Book Value per Share
- 81.47
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 51
- 4,394
- 144
- Trade Payables
- 621
- 1,313
- Total Liabilities
- 6,523
- 1,807
- Capital Work in Progress
- 259
- 1,186
- 929
- 0
- Cash & Bank
- 703
- 1,638
- Total Assets
- 6,523
- Total Debt
- 176
- Net Working Capital
- 2,146
- Contingent Liabilities
- 342
- Book Value per Share
- 87.48
- Face Value
- 1.00
- Total Debt
- 176
- Net Working Capital
- 2,146
- Contingent Liabilities
- 342
- Book Value per Share
- 87.48
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 51
- 5,517
- 202
- Trade Payables
- 1,007
- 2,038
- Total Liabilities
- 8,814
- 4,418
- Capital Work in Progress
- 294
- 516
- 1,234
- 0
- Cash & Bank
- 451
- 1,900
- Total Assets
- 8,814
- Total Debt
- 223
- Net Working Capital
- 1,081
- Contingent Liabilities
- 341
- Book Value per Share
- 109.55
- Face Value
- 1.00
- Total Debt
- 223
- Net Working Capital
- 1,081
- Contingent Liabilities
- 341
- Book Value per Share
- 109.55
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 51
- 6,320
- 284
- Trade Payables
- 1,049
- 1,790
- Total Liabilities
- 9,494
- 4,703
- Capital Work in Progress
- 225
- 459
- 1,695
- 0
- Cash & Bank
- 355
- 2,057
- Total Assets
- 9,494
- Total Debt
- 287
- Net Working Capital
- 1,691
- Contingent Liabilities
- 377
- Book Value per Share
- 125.33
- Face Value
- 1.00
- Total Debt
- 287
- Net Working Capital
- 1,691
- Contingent Liabilities
- 377
- Book Value per Share
- 125.33
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 51
- 7,118
- 163
- Trade Payables
- 1,064
- 2,109
- Total Liabilities
- 10,505
- 4,914
- Capital Work in Progress
- 406
- 881
- 1,817
- 0
- Cash & Bank
- 327
- 2,160
- Total Assets
- 10,505
- Total Debt
- 163
- Net Working Capital
- 2,151
- Contingent Liabilities
- 428
- Book Value per Share
- 141.03
- Face Value
- 1.00
- Total Debt
- 163
- Net Working Capital
- 2,151
- Contingent Liabilities
- 428
- Book Value per Share
- 141.03
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 51
- 8,346
- 131
- Trade Payables
- 1,148
- 2,400
- Total Liabilities
- 12,076
- 5,451
- Capital Work in Progress
- 148
- 2,235
- 1,415
- 1,675
- Cash & Bank
- 533
- 619
- Total Assets
- 12,076
- Total Debt
- 131
- Net Working Capital
- 3,035
- Contingent Liabilities
- 441
- Book Value per Share
- 165.11
- Face Value
- 1.00
- Total Debt
- 131
- Net Working Capital
- 3,035
- Contingent Liabilities
- 441
- Book Value per Share
- 165.11
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 51
- 9,613
- 147
- Trade Payables
- 1,390
- 2,783
- Total Liabilities
- 13,984
- 5,705
- Capital Work in Progress
- 129
- 3,551
- 1,685
- 1,811
- Cash & Bank
- 336
- 766
- Total Assets
- 13,984
- Total Debt
- 147
- Net Working Capital
- 4,172
- Contingent Liabilities
- 497
- Book Value per Share
- 190.01
- Face Value
- 1.00
- Total Debt
- 147
- Net Working Capital
- 4,172
- Contingent Liabilities
- 497
- Book Value per Share
- 190.01
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 102
- 10,578
- 106
- Trade Payables
- 1,537
- 3,076
- Total Liabilities
- 15,399
- 5,774
- Capital Work in Progress
- 329
- 4,350
- 1,738
- 2,181
- Cash & Bank
- 299
- 729
- Total Assets
- 15,399
- Total Debt
- 106
- Net Working Capital
- 4,947
- Contingent Liabilities
- 548
- Book Value per Share
- 104.93
- Face Value
- 1.00
- Total Debt
- 106
- Net Working Capital
- 4,947
- Contingent Liabilities
- 548
- Book Value per Share
- 104.93
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 794 | 796 | 845 | 1,280 | 1,392 | 955 | 1,558 | 2,724 | 2,287 | 2,828 | |
| Cash from Investing | -879 | 39 | -513 | 103 | -1,688 | -558 | -899 | -1,769 | -1,542 | -1,224 |
| Cash from Financing | 41 | -790 | -361 | -849 | -76 | -468 | -656 | -742 | -918 | -1,673 |
| -45 | 46 | -29 | 533 | -372 | -71 | 2 | 212 | -173 | -68 | |
| Free Cash Flow | 565 | 543 | 633 | 742 | -1,419 | 557 | 939 | 2,293 | 1,775 | 2,214 |
| OCF / Net Profit | 0.92 | 0.82 | 0.91 | 1.14 | 1.24 | 0.79 | 1.21 | 1.56 | 1.09 | 1.14 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,065 | 1,056 | 1,453 | 3,112 | 4,144 | 7,778 |
| OCF / Net Profit | 0.92 | 0.82 | 0.91 | 1.14 | 1.24 | 0.79 | 1.21 | 1.56 | 1.09 | 1.14 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 1,065 | 1,056 | 1,453 | 3,112 | 4,144 | 7,778 |
Mar 2017
- 794
- Cash from Investing
- -879
- Cash from Financing
- 41
- -45
- Free Cash Flow
- 565
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.92
- Cumulative 5-Year FCF
- 0
Mar 2018
- 796
- Cash from Investing
- 39
- Cash from Financing
- -790
- 46
- Free Cash Flow
- 543
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 0
Mar 2019
- 845
- Cash from Investing
- -513
- Cash from Financing
- -361
- -29
- Free Cash Flow
- 633
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- 0
Mar 2020
- 1,280
- Cash from Investing
- 103
- Cash from Financing
- -849
- 533
- Free Cash Flow
- 742
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 0
Mar 2021
- 1,392
- Cash from Investing
- -1,688
- Cash from Financing
- -76
- -372
- Free Cash Flow
- -1,419
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 1,065
- OCF / Net Profit
- 1.24
- Cumulative 5-Year FCF
- 1,065
Mar 2022
- 955
- Cash from Investing
- -558
- Cash from Financing
- -468
- -71
- Free Cash Flow
- 557
- OCF / Net Profit
- 0.79
- Cumulative 5-Year FCF
- 1,056
- OCF / Net Profit
- 0.79
- Cumulative 5-Year FCF
- 1,056
Mar 2023
- 1,558
- Cash from Investing
- -899
- Cash from Financing
- -656
- 2
- Free Cash Flow
- 939
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 1,453
- OCF / Net Profit
- 1.21
- Cumulative 5-Year FCF
- 1,453
Mar 2024
- 2,724
- Cash from Investing
- -1,769
- Cash from Financing
- -742
- 212
- Free Cash Flow
- 2,293
- OCF / Net Profit
- 1.56
- Cumulative 5-Year FCF
- 3,112
- OCF / Net Profit
- 1.56
- Cumulative 5-Year FCF
- 3,112
Mar 2025
- 2,287
- Cash from Investing
- -1,542
- Cash from Financing
- -918
- -173
- Free Cash Flow
- 1,775
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 4,144
- OCF / Net Profit
- 1.09
- Cumulative 5-Year FCF
- 4,144
Mar 2026
- 2,828
- Cash from Investing
- -1,224
- Cash from Financing
- -1,673
- -68
- Free Cash Flow
- 2,214
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 7,778
- OCF / Net Profit
- 1.14
- Cumulative 5-Year FCF
- 7,778
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 16.77 | 18.95 | 18.21 | 21.97 | 22.26 | 23.76 | 25.05 | 34.00 | 40.82 | 24.06 |
| Book Value (₹) | 67.48 | 70.20 | 81.47 | 87.48 | 109.55 | 125.33 | 141.03 | 165.11 | 190.01 | 104.93 |
| Dividend per Share (₹) | 4.75 | 6.00 | 6.50 | 7.00 | 8.50 | 10.00 | 11.00 | 16.00 | 20.00 | 21.50 |
| Cash EPS (₹) | 9.54 | 10.69 | 10.44 | 12.71 | 13.05 | 14.23 | 15.33 | 20.53 | 24.13 | 28.15 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 22.63% | 23.95% | 21.40% | 23.65% | 24.13% | 18.99% | 17.24% | 21.86% | 22.93% | 24.10% |
| Net Margin % | 14.24% | 15.54% | 13.12% | 15.38% | 15.44% | 12.16% | 10.92% | 14.11% | 15.95% | 16.92% |
| ROE % | 28.33% | 27.50% | 24.10% | 26.15% | 22.50% | 20.22% | 19.04% | 22.45% | 23.21% | 24.29% |
| ROCE % | 40.16% | 37.82% | 34.37% | 33.81% | 29.86% | 26.48% | 25.18% | 30.55% | 31.16% | 32.38% |
| 20.35% | 19.38% | 16.72% | 18.06% | 14.69% | 13.18% | 12.89% | 15.48% | 16.09% | 16.82% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 44 | 50 | 51 | 54 | 60 | 51 | 46 | 47 | 48 | 50 |
| Inventory Days | 41 | 45 | 45 | 47 | 54 | 54 | 54 | 48 | 43 | 43 |
| Payable Days | 53 | 59 | 57 | 64 | 88 | 69 | 57 | 67 | 77 | 82 |
| 32 | 36 | 39 | 36 | 26 | 36 | 43 | 28 | 14 | 10 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.03x | 0.03x | 0.03x | 0.04x | 0.04x | 0.05x | 0.02x | 0.02x | 0.02x | 0.01x |
| Interest Coverage (x) | 90.61x | 88.44x | 52.46x | 44.74x | 41.89x | 39.35x | 37.17x | 47.48x | 57.06x | 62.24x |
| 3.07x | 2.74x | 2.75x | 2.33x | 1.44x | 1.73x | 1.89x | 2.08x | 2.27x | 2.38x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 4.77% | 8.22% | 16.44% | 3.06% | -0.02% | 36.04% | 18.93% | 4.95% | 6.12% | 11.11% |
| Operating Profit Growth % | 9.65% | 8.57% | 1.69% | 13.90% | 2.00% | 7.02% | 7.98% | 39.97% | 14.50% | 16.12% |
| Net Profit Growth % | 6.94% | 11.92% | -3.90% | 20.86% | 0.36% | 7.16% | 6.80% | 35.58% | 19.96% | 17.87% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 35.74% | 20.06% | -41.06% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 88.66x | 34.90x | 53.44x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 18.26x | 15.00x | 12.25x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.53% | 0.70% | 1.67% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 53.72x | 44.40x | 34.52x |
Mar 2017
- EPS (₹)
- 16.77
- Book Value (₹)
- 67.48
- Dividend per Share (₹)
- 4.75
- Cash EPS (₹)
- 9.54
- Operating Margin %
- 22.63%
- Net Margin %
- 14.24%
- ROE %
- 28.33%
- ROCE %
- 40.16%
- 20.35%
- Debtor Days
- 44
- Inventory Days
- 41
- Payable Days
- 53
- 32
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 90.61x
- 3.07x
- Revenue Growth %
- 4.77%
- Operating Profit Growth %
- 9.65%
- Net Profit Growth %
- 6.94%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 18.95
- Book Value (₹)
- 70.20
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 10.69
- Operating Margin %
- 23.95%
- Net Margin %
- 15.54%
- ROE %
- 27.50%
- ROCE %
- 37.82%
- 19.38%
- Debtor Days
- 50
- Inventory Days
- 45
- Payable Days
- 59
- 36
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 88.44x
- 2.74x
- Revenue Growth %
- 8.22%
- Operating Profit Growth %
- 8.57%
- Net Profit Growth %
- 11.92%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 18.21
- Book Value (₹)
- 81.47
- Dividend per Share (₹)
- 6.50
- Cash EPS (₹)
- 10.44
- Operating Margin %
- 21.40%
- Net Margin %
- 13.12%
- ROE %
- 24.10%
- ROCE %
- 34.37%
- 16.72%
- Debtor Days
- 51
- Inventory Days
- 45
- Payable Days
- 57
- 39
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 52.46x
- 2.75x
- Revenue Growth %
- 16.44%
- Operating Profit Growth %
- 1.69%
- Net Profit Growth %
- -3.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 21.97
- Book Value (₹)
- 87.48
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 12.71
- Operating Margin %
- 23.65%
- Net Margin %
- 15.38%
- ROE %
- 26.15%
- ROCE %
- 33.81%
- 18.06%
- Debtor Days
- 54
- Inventory Days
- 47
- Payable Days
- 64
- 36
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 44.74x
- 2.33x
- Revenue Growth %
- 3.06%
- Operating Profit Growth %
- 13.90%
- Net Profit Growth %
- 20.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 22.26
- Book Value (₹)
- 109.55
- Dividend per Share (₹)
- 8.50
- Cash EPS (₹)
- 13.05
- Operating Margin %
- 24.13%
- Net Margin %
- 15.44%
- ROE %
- 22.50%
- ROCE %
- 29.86%
- 14.69%
- Debtor Days
- 60
- Inventory Days
- 54
- Payable Days
- 88
- 26
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 41.89x
- 1.44x
- Revenue Growth %
- -0.02%
- Operating Profit Growth %
- 2.00%
- Net Profit Growth %
- 0.36%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 23.76
- Book Value (₹)
- 125.33
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 14.23
- Operating Margin %
- 18.99%
- Net Margin %
- 12.16%
- ROE %
- 20.22%
- ROCE %
- 26.48%
- 13.18%
- Debtor Days
- 51
- Inventory Days
- 54
- Payable Days
- 69
- 36
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- 39.35x
- 1.73x
- Revenue Growth %
- 36.04%
- Operating Profit Growth %
- 7.02%
- Net Profit Growth %
- 7.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 25.05
- Book Value (₹)
- 141.03
- Dividend per Share (₹)
- 11.00
- Cash EPS (₹)
- 15.33
- Operating Margin %
- 17.24%
- Net Margin %
- 10.92%
- ROE %
- 19.04%
- ROCE %
- 25.18%
- 12.89%
- Debtor Days
- 46
- Inventory Days
- 54
- Payable Days
- 57
- 43
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 37.17x
- 1.89x
- Revenue Growth %
- 18.93%
- Operating Profit Growth %
- 7.98%
- Net Profit Growth %
- 6.80%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 34.00
- Book Value (₹)
- 165.11
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 20.53
- Operating Margin %
- 21.86%
- Net Margin %
- 14.11%
- ROE %
- 22.45%
- ROCE %
- 30.55%
- 15.48%
- Debtor Days
- 47
- Inventory Days
- 48
- Payable Days
- 67
- 28
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 47.48x
- 2.08x
- Revenue Growth %
- 4.95%
- Operating Profit Growth %
- 39.97%
- Net Profit Growth %
- 35.58%
- 35.74%
- P/E (x)
- 88.66x
- P/B (x)
- 18.26x
- Dividend Yield %
- 0.53%
- 53.72x
Mar 2025
- EPS (₹)
- 40.82
- Book Value (₹)
- 190.01
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 24.13
- Operating Margin %
- 22.93%
- Net Margin %
- 15.95%
- ROE %
- 23.21%
- ROCE %
- 31.16%
- 16.09%
- Debtor Days
- 48
- Inventory Days
- 43
- Payable Days
- 77
- 14
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 57.06x
- 2.27x
- Revenue Growth %
- 6.12%
- Operating Profit Growth %
- 14.50%
- Net Profit Growth %
- 19.96%
- 20.06%
- P/E (x)
- 34.90x
- P/B (x)
- 15.00x
- Dividend Yield %
- 0.70%
- 44.40x
Mar 2026
- EPS (₹)
- 24.06
- Book Value (₹)
- 104.93
- Dividend per Share (₹)
- 21.50
- Cash EPS (₹)
- 28.15
- Operating Margin %
- 24.10%
- Net Margin %
- 16.92%
- ROE %
- 24.29%
- ROCE %
- 32.38%
- 16.82%
- Debtor Days
- 50
- Inventory Days
- 43
- Payable Days
- 82
- 10
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 62.24x
- 2.38x
- Revenue Growth %
- 11.11%
- Operating Profit Growth %
- 16.12%
- Net Profit Growth %
- 17.87%
- -41.06%
- P/E (x)
- 53.44x
- P/B (x)
- 12.25x
- Dividend Yield %
- 1.67%
- 34.52x
Documents
Announcements
- Shareholders meeting
2026-08-20 - Pidilite Industries Limited has informed the Exchange with copy of minutes of Annual General Meeting held on August 04, 2026
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-19 - Pidilite Industries Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Feb 2026